Company Accounts (Disclosure of Directors' Emoluments) Regulations (Northern Ireland) 1997

Minor and consequential amendments

6.—(1) For paragraph (3) of Article 254 of the 1986 Order (special provisions for small companies)(1) there shall be substituted the following paragraph—

“(3) The company’s individual accounts for the year—

(a) may give the total of the aggregates required by heads (a), (c) and (d) of paragraph 1(1) of Schedule 6 (emoluments and other benefits etc. of directors) instead of giving those aggregates individually; and

(b) need not give the information required by—

(i) paragraph 4 of Schedule 5 (financial years of subsidiary undertakings);

(ii) paragraph 1(2)(b) of Schedule 6 (numbers of directors exercising share options and receiving shares under long term incentive schemes);

(iii) paragraph 2 of Schedule 6 (details of highest paid director’s emoluments etc.); or

(iv) paragraph 7 of Schedule 6 (excess retirement benefits of directors and past directors).”.

(2) In paragraph 10 of Schedule 6 (supplementary)—

(a) in sub-paragraph (1), for the words “paragraphs 1, 7, 8 and 9” there shall be substituted the words “this Part”; and

(b) sub-paragraph (3) shall be omitted.

(3) In paragraph 11(1) of Schedule 6, for the words “paragraphs 1, 7, 8 and 9” there shall be substituted the words “this Part”.

(4) In paragraph 13 of Schedule 6 (interpretation)—

(a) in sub-paragraph 2 the words “(including any provision of this Part referring to paragraph 1)” shall be omitted;

(b) for sub-paragraph (3) there shall be substituted the following sub-paragraph—

“(3) The following definitions apply—

(a) “pension scheme” has the meaning assigned to “retirement benefits scheme” by section 611 of the Income and Corporation Taxes Act 1988;

(b) “retirement benefits” has the meaning assigned to “relevant benefits” by section 612(1) of that Act.”.

(1)

Article 254 was substituted by regulation 2 of S.R. 1997 No. 436